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Applying principles that have been used for over 40 years to bump fire, the SSAR-15's radical design enables the shooter to fire and AR-15 as quickly as desired without compromising their own safety or the safety of others around them. Unlike traditional bump firing. The SSAR-15 allows the shooter to properly hold their firearm and maintain complete control at all times. In addition, as a result of the forward movement required to discharge each round, the shooter naturally corrects their point-of-aim for each shot and prevents recoil from pushing the firearm's muzzle upward in an unsafe direction.

In principal the SSAR-15 functions similar to the Gatlin system. When operating a Gatlin system the shooter operates a crank in a circular motion to activate the firing mechanism. Every 1/5 rotation of the crank will discharge a round. The shooter will then continue forward another 1/5 of a rotation to fire the next round, and so on. With the SSAR-15 the shooter activates the firing mechanism by moving the upper assembly forward to discharge a round. To discharge the next round the operator must again move the upper assembly forward. As with the Gatlin system, an AR-15 equipped with the SSAR-15 will never fire automatically.

MADE IN THE USA

Right Hand Configuration
Constructed of Premium Reinforced High Strength Polymer
Compatible with Mil-Spec and Commercial Buffer Tubes
Winter Trigger Guards and some Sling Plates may not be compatible.

We've already had two threads about this, FYI. It's basically by the bump-fire principle, which the BATFE has not taken a friendly stance against. If the current administration does not change in 2012, I can see these things getting banned. The BATFE has allowed these for now, but they are a fickle mother.
That being said, it's seen some popularity around the shooting world as a novelty item. Most gun ranges do not allow them. Also, they tend to go up for sale very quickly on the major forums like TheHighRoad and Arfcom. Seems like people buy them and get bored with them really quickly.

We've already had two threads about this, FYI. It's basically by the bump-fire principle, which the BATFE has not taken a friendly stance against. If the current administration does not change in 2012, I can see these things getting banned. The BATFE has allowed these for now, but they are a fickle mother.
That being said, it's seen some popularity around the shooting world as a novelty item. Most gun ranges do not allow them. Also, they tend to go up for sale very quickly on the major forums like TheHighRoad and Arfcom. Seems like people buy them and get bored with them really quickly.

I see.

So, pardon my ignorance, but if purchased now (while they are not a banned item, non-black-market good) you can't be vilified for possessing one if/when they are no longer approved for sale- right?

Several years ago, a company owned by Bill Akins came out with a similar device called the "Akins Accelerator" for the Ruger 10/22 platform. The concept was similar to the SSAR-15, but there were some notable differences. Atkins was selling them like hotwings for around $1000 a pop. The ATF initially reviewed it and said it was legal since the rifles were inherently still semi-auto, as you were discharging only one round per trigger pull. After a second look a year or two later, the ATF decided that the part went against the "intent" of the NFA guidelines and declared the device to be illegal by ATF rulling 2006-02. Everyone that had one had to remove the mainspring from the device and surrender it to the ATF, or else some other way discard the stock in an appropriate manner to avoid prosecution for possessing a post-1986 automatic firearm. If I remember correctly, Akins was forced to buy many of the stocks back from the customers in order to avoid lawsuits. They subsequently dissolved into obscurity.
If you look at the .gif and watch the YouTube video below, you will see that the Akins Accelerator works off of a similar principle to what the SSAR-15 does.

So to answer your question, given past practice, I highly doubt the BATFE would allow people to keep the SSAR-15 if it were outlawed. The ATF didn't really outlaw the production of the item, they moreso outlawed the possession and usage by the public. New production automatic weapons can still be owned by .le/.mil/.gov agencies.